669: How to Do First Real Estate Deal at 18 Years Old, Now $400k/mo In Rental Income with Best Seller Dean Graziosi

Dean Graziosi—he knows how to create success. From extremely humble beginnings, he started with a firewood business in high school to a collision repair shop and his first real estate deal before he turned 20. From there, he created a multi-million dollar real estate business, became a New York Times best-selling author multiple times, and is one of the most watched real estate and success trainers of our generation. He maximizes his success and profits on each of his endeavors along his evolution and his businesses have generated nearly one billion dollars in revenue. He’s obsessed with sharing his success along this journey with the world. Famous Five: Favorite Book? – The Untethered Soul and The Surrender Experiment What CEO do you follow? – Ernest Shackleton Favorite online tool? — N/A How many hours of sleep do you get?— 6-8 If you could let your 20-year old self, know one thing, what would it be? – “Don’t believe your thoughts, they lie to you most of the time. If you could just observe your thoughts and throw away the shit that doesn’t serve you, man, you could just go a lot faster” Time Stamped Show Notes: 01:22 – Nathan introduces Dean to the show 02:28 – Dean skipped college 02:42 – When Dean was 16, he would buy wrecked cars and flip them in his garage 03:00 – He has bought some of the cars for $500 to $5000 03:11 – Dean got his first real estate deal at 18 with no money down 03:17 – Mrs. Laprezzti gave him a deal with no money down 03:20 – Dean paid Mrs. Laprezzti monthly and he renovated the place 03:49 – Dean’s social studies teacher who was also a real estate agent gave Dean leads of people who had houses that were not selling 04:45 – Dean gave Mrs. Laprezzti $2500 a month for a 4-unit apartment, for 3 years 05:05 – Mrs. Laprezzti needed $2K for her expenses for the condo 05:31 – Dean didn’t care that he may be paying more 05:48 – Dean promised that he’d pay her in 3 years 05:55 – At the end of 3 years, Dean had the room fully rented and he was able to get a bank loan and pay Mrs. Laprezzti off 06:10 – Dean was making $4200 when he rented out the place, then he sold it 06:24 – Dean still owns around 400 houses, right now 06:56 – Dean’s dad was born during the Depression 07:20 – His dad was a mechanic and a collision repair shop guy 07:26 – Dean evolved by maxing out on the equity he could gain from each of his houses 07:38 – After the condo, Dean got an old, rundown mansion and turned it into 10 apartment units 07:53 – Dean refinanced the apartments and bought more apartments 08:00 – It was the late 80s and early 90s when Dean transferred to upstate New York 08:09 – Dean bought some land and went into the process of subdividing 09:10 – Back then, Dean was just hustling for the next property, taking the cash, and making a creative deal 09:30 – “There’s always a creative deal” 09:45 – It’s about buying off-market deals 10:21 – Average revenue from all of Dean’s properties is $380K 10:45 – The market value for 380 units is around $20M 10:54 – Dean is half leveraged in all of the units 11:45 – Dean authored a couple of books because he is obsessed with marketing and sales 12:10 – Dean’s last 2 books are self-published 12:21 – Dean’s first book was with a publisher 12:24 – Dean didn’t want an advance deal from his first book 12:31 – Dean used to get 35-40% of gross sales 12:43 – Dean’s first book is Totally Fulfilled 12:46 – Dean’s latest book is Millionaire’s Success Habits 13:01 – Most of the publishers don’t market your book and rely on you to market your own book 13:07 – Dean sold a million copies of his second book 13:10 – Dean had an infomercial running everyday, offering the book on TV 13:25 – “You definitely need a marketing mechanism if you need to write a book” 13:38 – Dean’s most effective marketing strategy is giving away free books 13:42 – Dean has an incoming infomercial with Larry King, who has impacted Dean’s life 13:56 – Dean met Larry King through mutual friends 14:01 – Dean told Larry that he made an impact on Dean’s life, gave his book to Larry and asked Larry if he can interview him 14:09 – Larry came to Dean’s studio 14:22 – 8 years ago, Dean watched Larry interview Joel Osteen 14:59 – Dean did the first interview show on TV without scripts, teleprompters or voiceovers 15:09 – The show broke a hundred million dollars in sales 16:05 – Dean only negotiated for a bigger share in book sales because he knew that his books would sell 16:25 – Millionaire’s Success Habits is a hardcover book and still ships that way, there is no ebook 17:00 – com is for people who have the ability to find success trainers that are qualified 17:10 – They have courses and high-performance coaching 17:25 – It’s a step-by-step on how to become a high achiever 17:33 – They just broke $220K in sales 17:55 – 100% of the money is going back in 18:10 – “It’s a feel good, it’s a legacy thing” 18:13 – They might sell Growth in 3 years 18:19 – Dean and his 2 co-founders split Growth equally 19:08 – Dean started a $100K year mastermind with Joe Polish 20:13 – When you go and share one of your greatest strategies, others will shares theirs. too, and it multiplies 20:35 – “Mastermind has been the greatest lift of anything I’ve ever done” 22:30 – The Famous Five 3 Key Points: Persevere and be patient, the right time will come. Sharing your strategies for success doesn’t create more competition; instead, it gives others permission to share how they became successful as well. Don’t let your thoughts stop you—observe them and throw out the shit that doesn’t serve you. Resources Mentioned: The Top Inbox – The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences Organifi – The juice was Nathan’s life saver during his trip in Southeast Asia Klipfolio – Track your business performance across all departments for FREE Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments Host Gator– The site Nathan uses to buy his domain names and hosting for the cheapest price possible Audible– Nathan uses Audible when he’s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books Freshbooks – Nathan doesn’t waste time so he uses Freshbooks to send out invoices and collect his money. Get your free month NOW Show Notes provided by Mallard Creatives

Problem Solvers with Jason Feifer features business owners and CEOs who went through a crippling business problem and came out the other side bigger and stronger. Feifer, Entrepreneur’s Editor in Chief, pulls these stories out so other business can avoid the same crippling problems.

Hear the dynamic voices behind our featured podcasts. Our hosts interview experts in the field, founders who solved real problems in their businesses, sports icons that translated their success on the field into serial business achievements, and influencers that help us understand what makes excellence possible.

1335 Real Estate Tech Goes from $400k to $4m in ARR in Under 6 Months, Bootstrapped

Mike Land is the Founder and CEO of Rela (www.RelaHQ.com), a cloud based digital marketing platform for real estate agents and brokers. Rela allows real estate professional to create amazing digital experiences that promote their listings, enhance their online presence, and drive new business. Prior to Rela, Mike was the founder and President of a digital marketing and software development agency in Newport Beach, CA.

CEO – Luther Birdzell Luther is an entrepreneur, data scientist and engineer passionate about energy efficiency, AI and self-service machine learning. From boardrooms, to oilfields, to data centers, Luther has been building tools that transform data from a cost to an asset for over 20 years. He founded OAG Analytics in 2013 to build an AI and self-service machine learning platform for the oil & gas industry.

1333 Dealing With Professional Services Temptations with Cliently CEO

At 23 Spencer accepted his first Sales Director role and a year later was promoted to VP of sales for an e-commerce doing $5M+ in revenue. Spencer went on to begin is own company then found himself working at PandaDoc, a hot Silicon Valley startup before founding Cliently.

1332 We almost missed payroll 3 months ago as we reset 5 year old business

I’m a founder and CEO of Qlicket. We help enterprises and midsize businesses reduce turnover by giving frontline employees a voice. Before Qlicket, I worked at Blackstone in New York, and as a management consultant at Katzenbach Partners. I graduated from The Wharton School at the University of Pennsylvania.

Mr. Claudio Erba is the Founder of Docebo S.p.A and has been its Chief Executive Officer since March 2005. He serves as a Director at Docebo S.p.A. Mr. Erba served as a Board Vice President of RYSTO srl from July 2013 to December 2014. He served as Project leader of MHP Srl from October 1999 to June 2001 and Product Manager of Selpress from 1996 to 1997. Mr. Erba is also engages in diving into the topics of AI, learning automation, and the future of online learning at DoceboInspire. Mr. Erba lectured at the University of Florence, before founding Docebo S.p.A in Milan in 2005. He regularly appears on thought leadership and "movers and shakers" lists in the learning technology industry. Mr. Erba was a Guest Lecturer - Content Management System at University of Florence from March 2001 to July 2005. He studied Laurea in Economy and Marketing at Università Cattolica del Sacro Cuore from 1995 to 2001.

1329 His Product? A Daily Email, 172k Milennial Subscribers and $100k+ in Revenue

Case is the founder and Editor-in-Chief of PRSUIT - a top daily email focused exclusively on self development content. Named a top email newsletter by Entrepreneur Mag and features in Inc, Forbes, Chicago Tribune and more. 152K daily email subscribers and growing. Case is also the host of the New Mindset, Who Dis podcast, an iTunes top 50 podcast focused on real and no BS self development content.

1328 Can AppDirect with $245m in Funding Actually Go Public?

Dan is president and co-CEO of AppDirect, the only end-to-end cloud commerce platform for succeeding in the digital economy, which he co-founded in 2009 with Nicolas Desmarais. He and his co-founder dreamed to someday build a business worthy of the Inc. 500 list. Since starting his entrepreneurial journey, Dan and his co-founder officially launched their company in 2011, raised over $245 million in venture financing and reached a company valuation of more than $1B. The AppDirect ecosystem now powers millions of cloud subscriptions worldwide and connects channels, developers and customers to simplify the digital supply chain by enabling the onboarding and sale of products with third-party services, for any channel, on any device, with support.

1327 Prague Based Translation Tool Passes $5m in ARR, Bootstrapped

David Canek is the founder and CEO of Memsource, a software company providing cloud-based translation technology headquartered in Prague, Czech Republic. David, a graduate in Translation and Comparative Studies, received his education at Charles University in Prague, Humboldt University in Berlin as well as University of Vienna.

1326 Can He Combine Mailchimp, Hubspot, Zenefits at $99/mo Price Point and Win SMB's Over?

Geoff Roberts is Co-founder of Outseta, a software platform that gives SaaS companies all the tools they need to launch and scale a subscription business.

1325 Secrets Old Media Brands are using to compete with Facebook

Elizabeth specializes in strategy, market and product development for media companies and brands navigating a changing media landscape. As head of revenue for LAKANA she oversees platform strategy, business development and go to market for a leading content management platform powering 150 + million unique users a month across 60 % of local markets. Her firm The Osder Group has worked with brands including AOL, Univision, Associated Press, Kimpton Hotels, Ogilvy Mather and Group M on critical strategies for related to digital transformation.

1324 How He Bootstrapped to $6m in ARR

1323 How FinTech Company Wave Is Deploying $100m in Capital, $25m+ in ARR

Kirk is a serial entrepreneur and co-founder and CEO of Wave, which he has led to nearly 3.5 million small businesses registered, with $100 million in funding raised from investors around the world. Kirk believes in giving back to the tech community, as a mentor and angel investor.

1322 How to Move from Service Business to Pure SaaS

Conor Lee is the founder and CEO of HipLead. The company helps leading B2B companies scale their outbound sales with high quality lead generation outbound campaigns. Before founding HipLead, Conor founded several other companies including TellFi which was in the Y Combinator, Winter 2011 batch. Prior to that, he worked as a lobbyist in statewide political campaigns.

1321 How he got his first $10k in MRR competing with Wistia

Patrick is a high school drop out turned serial entrepreneur. He’s started 8 companies and has been the CEO of a public one. He’s sold several million with video online but was frustrated with the existing video platforms; so he founded Vidaytics.com. Which is the highest converting video platform for online marketers. He also wakes up to Eye of the Tiger everyday. ;)

1320 $14m in ARR on $2.9m Raised Inventing New Visual Way to Code Service 3000 Freelancers

Vlad is the CEO of Webflow, which he co-founded with his brother and a close friend. While studying 3D animation (with dreams of working for Pixar) in art school, he fell in love with the power of programming. He lives near San Francisco with his wife and two daughters.

Capitalistbook.com: My SaaS book LIVE today ($6.5m Error)

Capitalistbook.com: My new SaaS book on buying and selling companies, locking up distribution channels, launching with $5k side hustle

Fast Trick: How Your Competitors Are Getting Customers

Capitalistbook.com: My new SaaS book on buying and selling companies, locking up distribution channels, launching with $5k side hustle

Founder/CEO at Join It -- a platform that helps nonprofits and organizations manage their memberships. Previously at Eventbrite for 6 years, where I worked on the API and Developer platform.

Why You Should Buy and Sell SaaS Companies

Capitalistbook.com: My new SaaS book on buying and selling companies, locking up distribution channels, launching with $5k side hustle

1316 3000 Hotels Pay Him $4.3m in ARR to Help With Website Bookings

3rd time entrepreneur, now on my first Saas. Spaniard between Barcelona and San Francisco. Trained in business, always worked with technology.

1315 Her Best Friend Died From Terminal Cancer, She Launches MedTech SaaS Raising $2.5m on $10m Pre

Kim started her 3rd company, Trials.ai after her best friend was diagnosed with terminal cancer and given five months to live. What began as a passion project has turned into a mission-driven, venture-backed startup that is turning the clinical trials ecosystem on its head.

Launching $5k SaaS Side Hustle

Capitalistbook.com: My new SaaS book on buying and selling companies, locking up distribution channels, launching with $5k side hustle

1314 Niche Specific Drift Competitor Passes $15k in MRR, Bootstrapped

I am Ish, founder of Tars. I have been working on startups/products for the last 5 years now. Have seen both B2B and B2C. Very bullish about the future of SaaS and how you can build profitable bootstrapped companies.

1313 He Runs $1b Buyout Fund Think3 Giving Founders Free Time for Second Shot on Goal

CEO of Ruby on Rails Full Stack and DevOps

1312 How Consent.io Got Its First $15k in MRR

Studied Marketing & Mass Comm in the US. Transferred to Int. Business in NL. Started in biz dev on market intelligence products. Transitioned into management consulting. Later and for the longest in political consulting. Interest of social processes and information dissemination led to consent.io startup. 2 failed starts, bad timing, not right team. Now third time lucky and going strong for 2 years.

1311 Should he Raise Capital to Compete with Monday?

The CEO and co-founder of Float.com, the resource scheduling app helping agencies, studios and firms keep track of who's working on what and when. Float.com is bootstrapped, profitable and 100% remote, with Glenn currently based in Melbourne, Australia, where he has ready access to a good flat white.

1310 After GoDaddy Acquisition, He Built Support Version of Intercom, Now $1.5m in ARR, 100% yoy growth

Studied Computer Science at UCLA and Stanford. Founded Ronin (roninapp.com) in 2008, sold to GoDaddy in 2013 (since reacquired). Founded Reamaze in 2012.

1309 Are you nervous about raising on a $10m valuation with no revenue?

Co-founder/CEO of Freshdeal, and previously Fruitspot, leading Agtech start-ups focused on the Produce Industry. He has built and led digital businesses worth +$2 billion for leading brands like P&G, Google, Nike, Coke, and Diageo. Jose has +15 years of experience in business strategy, digital, and marketing. As Director of Strategy at Hugeinc.com, and while developing through the ranks at P&G and Booz&Co., Jose has led business worth +$2B for brands like Procter & Gamble, Google, Nike, Coke, and Diageo.

669: How to Do First Real Estate Deal at 18 Years Old, Now $400k/mo In Rental Income with Best Seller Dean Graziosi

Dean Graziosi—he knows how to create success. From extremely humble beginnings, he started with a firewood business in high school to a collision repair shop and his first real estate deal before he turned 20. From there, he created a multi-million dollar real estate business, became a New York Times best-selling author multiple times, and is one of the most watched real estate and success trainers of our generation. He maximizes his success and profits on each of his endeavors along his evolution and his businesses have generated nearly one billion dollars in revenue. He’s obsessed with sharing his success along this journey with the world. Famous Five: Favorite Book? – The Untethered Soul and The Surrender Experiment What CEO do you follow? – Ernest Shackleton Favorite online tool? — N/A How many hours of sleep do you get?— 6-8 If you could let your 20-year old self, know one thing, what would it be? – “Don’t believe your thoughts, they lie to you most of the time. If you could just observe your thoughts and throw away the shit that doesn’t serve you, man, you could just go a lot faster” Time Stamped Show Notes: 01:22 – Nathan introduces Dean to the show 02:28 – Dean skipped college 02:42 – When Dean was 16, he would buy wrecked cars and flip them in his garage 03:00 – He has bought some of the cars for $500 to $5000 03:11 – Dean got his first real estate deal at 18 with no money down 03:17 – Mrs. Laprezzti gave him a deal with no money down 03:20 – Dean paid Mrs. Laprezzti monthly and he renovated the place 03:49 – Dean’s social studies teacher who was also a real estate agent gave Dean leads of people who had houses that were not selling 04:45 – Dean gave Mrs. Laprezzti $2500 a month for a 4-unit apartment, for 3 years 05:05 – Mrs. Laprezzti needed $2K for her expenses for the condo 05:31 – Dean didn’t care that he may be paying more 05:48 – Dean promised that he’d pay her in 3 years 05:55 – At the end of 3 years, Dean had the room fully rented and he was able to get a bank loan and pay Mrs. Laprezzti off 06:10 – Dean was making $4200 when he rented out the place, then he sold it 06:24 – Dean still owns around 400 houses, right now 06:56 – Dean’s dad was born during the Depression 07:20 – His dad was a mechanic and a collision repair shop guy 07:26 – Dean evolved by maxing out on the equity he could gain from each of his houses 07:38 – After the condo, Dean got an old, rundown mansion and turned it into 10 apartment units 07:53 – Dean refinanced the apartments and bought more apartments 08:00 – It was the late 80s and early 90s when Dean transferred to upstate New York 08:09 – Dean bought some land and went into the process of subdividing 09:10 – Back then, Dean was just hustling for the next property, taking the cash, and making a creative deal 09:30 – “There’s always a creative deal” 09:45 – It’s about buying off-market deals 10:21 – Average revenue from all of Dean’s properties is $380K 10:45 – The market value for 380 units is around $20M 10:54 – Dean is half leveraged in all of the units 11:45 – Dean authored a couple of books because he is obsessed with marketing and sales 12:10 – Dean’s last 2 books are self-published 12:21 – Dean’s first book was with a publisher 12:24 – Dean didn’t want an advance deal from his first book 12:31 – Dean used to get 35-40% of gross sales 12:43 – Dean’s first book is Totally Fulfilled 12:46 – Dean’s latest book is Millionaire’s Success Habits 13:01 – Most of the publishers don’t market your book and rely on you to market your own book 13:07 – Dean sold a million copies of his second book 13:10 – Dean had an infomercial running everyday, offering the book on TV 13:25 – “You definitely need a marketing mechanism if you need to write a book” 13:38 – Dean’s most effective marketing strategy is giving away free books 13:42 – Dean has an incoming infomercial with Larry King, who has impacted Dean’s life 13:56 – Dean met Larry King through mutual friends 14:01 – Dean told Larry that he made an impact on Dean’s life, gave his book to Larry and asked Larry if he can interview him 14:09 – Larry came to Dean’s studio 14:22 – 8 years ago, Dean watched Larry interview Joel Osteen 14:59 – Dean did the first interview show on TV without scripts, teleprompters or voiceovers 15:09 – The show broke a hundred million dollars in sales 16:05 – Dean only negotiated for a bigger share in book sales because he knew that his books would sell 16:25 – Millionaire’s Success Habits is a hardcover book and still ships that way, there is no ebook 17:00 – com is for people who have the ability to find success trainers that are qualified 17:10 – They have courses and high-performance coaching 17:25 – It’s a step-by-step on how to become a high achiever 17:33 – They just broke $220K in sales 17:55 – 100% of the money is going back in 18:10 – “It’s a feel good, it’s a legacy thing” 18:13 – They might sell Growth in 3 years 18:19 – Dean and his 2 co-founders split Growth equally 19:08 – Dean started a $100K year mastermind with Joe Polish 20:13 – When you go and share one of your greatest strategies, others will shares theirs. too, and it multiplies 20:35 – “Mastermind has been the greatest lift of anything I’ve ever done” 22:30 – The Famous Five 3 Key Points: Persevere and be patient, the right time will come. Sharing your strategies for success doesn’t create more competition; instead, it gives others permission to share how they became successful as well. Don’t let your thoughts stop you—observe them and throw out the shit that doesn’t serve you. Resources Mentioned: The Top Inbox – The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences Organifi – The juice was Nathan’s life saver during his trip in Southeast Asia Klipfolio – Track your business performance across all departments for FREE Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments Host Gator– The site Nathan uses to buy his domain names and hosting for the cheapest price possible Audible– Nathan uses Audible when he’s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books Freshbooks – Nathan doesn’t waste time so he uses Freshbooks to send out invoices and collect his money. Get your free month NOW Show Notes provided by Mallard Creatives